Ownership concentration and board features as determinants of related party transactions - evidence from GCC countries

Abdelmohsen Desoky, G. Mousa, M. Yassin, Rania AbuRaya
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引用次数: 2

Abstract

This study examines the impact of ownership concentration, board features and external audit on related party transactions (RPTs) of listed firms in four Gulf Cooperation Council (GCC) countries, namely Bahrain, KSA, Kuwait and UAE. A sample of 460 firm-year observations was investigated during 2016-2018. Six models of hierarchical multiple regression (HMR) were performed to regress five independent variables (ownership concentration, board size, role duality, board independence, audit quality) on RPTs which include three transactions (key management compensation, due from RP and due to RP). HMR results indicate that ownership concentration, board size and board independence are associated with only one type of RPTs, which is key management compensation by listed firms in GCC countries. However, other types of RPTs are not explained by most of independent variables. Providing practical evidence on listed firms in GCC may provide a new dimension on this part of empirical accounting research and may help in improving governance practices. This research is the first attempt in the Gulf region to investigate the impact of CG mechanisms on RPTs. It makes a unique contribution and enrichment to this area of the accounting research in emerging markets in general and in GCC countries in particular.
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股权集中度和董事会特征是关联方交易的决定因素——来自海湾合作委员会国家的证据
本研究考察了股权集中度、董事会特征和外部审计对四个海湾合作委员会国家(巴林、沙特、科威特和阿联酋)上市公司关联方交易(RPTs)的影响。在2016-2018年期间调查了460个公司年观察样本。六个层次多元回归(HMR)模型用于回归rpt上的五个自变量(所有权集中度,董事会规模,角色对重性,董事会独立性,审计质量),其中包括三个交易(关键管理薪酬,由于RP和由于RP)。HMR结果表明,股权集中度、董事会规模和董事会独立性仅与一种RPTs相关,即海合会国家上市公司的关键管理层薪酬。然而,其他类型的rpt不能被大多数自变量解释。提供海湾合作委员会上市公司的实践证据可以为这部分实证会计研究提供一个新的维度,并有助于改进治理实践。本研究是海湾地区首次尝试调查CG机制对RPTs的影响。它对一般新兴市场特别是海湾合作委员会国家的会计研究这一领域作出了独特的贡献和丰富。
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来源期刊
CiteScore
2.10
自引率
7.10%
发文量
29
期刊介绍: IJMFA covers all aspects of managerial and financial accounting. The key difference between managerial and financial accounting is that managerial accounting information is aimed at helping managers within the organisation, while financial accounting is aimed at providing information to external parties. In today''s advanced manufacturing environment, various issues arise for accounting standard-setting practicing professionals. Solving the separate issues of managerial and financial accounting is a significant challenge, and IJMFA assists researchers in overcoming these challenges in an efficient, effective manner.
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